Ohio Athlete Agent Bond | AmeriPro Surety Bonds | 844-589-9732
Ohio Athlete Agents
Athlete agents conducting business in Ohio are regulated by the Ohio Athletic Commission.
In addition to completing the state athlete registration packet and paying any required application fees, athlete agents are also required to obtain and maintain a $15,000 Ohio athlete agent bond.
This surety bond is available from AmeriPro Surety Bonds both as both a first time and renewal surety bond.
Ohio Athlete Agent Bond: The Purpose of this Surety Bond
The purpose of your required Ohio athlete agent bond is that as a licensed agent, you will be in compliance with all statutes and regulations governing your profession.
The surety bond protects athletes from any violations of any acts committed by an agent in the course of the agent’s duties. As such, it is not a type of liability insurance bond which protects athlete agents.
The bond protects athletes from acts of fraud, theft, embezzlement, or any criminal and negligent mismanagement of funds that an agent may commit which causes demonstrable harm to an athlete.
The bond’s existence, moreover, allows an athlete to file against a bond to recoup losses up to the bond’s amount (in total, not per person).
But, should a claim ever be filed on and paid on an athlete agent bond, it is the legal responsibility of the principal (that means you) to reimburse the surety in full for all costs and fees involved in the settlement of any surety claim.
Ohio Athlete Agent Bond: The Premium
The premium for the athlete agent bond may be as little as 1% annually; however the price you will pay will be determined by a standard application — which may be completed over the phone — and a standard credit check.
For those with poorer credit scores, you may a good amount more for this bond. Still, our agency will work to find the best surety bond pricing on your behalf.
The Ohio Athlete Agent Bond Duration
There are two things to bear in mind about your athlete agent bond:
- The bond, once issued, is active for one year from the date of issuance. The bond must be kept active to remain in compliance with the Commission and in order to legally operate as an agent;
- Even should you subsequently exit the athlete agent business, an Ohio athlete agent bond must be kept active two years from the date of termination of any agent contract.
About Our Surety Agency
AmeriPro Surety Bonds is a surety bonds-only agency.
We provide license and permit, contractor, court, and fiduciary bonds throughout Ohio.
Our goal for you is to make the purchase of your surety bond efficient and timely — and at the best pricing.
We thank you for your consideration and look forward to working with you:
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